Keyword: mortgage lawsuit
FDIC suing former Washington Mutual executives for $900M
FDIC sues execs for $900M The Federal Deposit Insurance Corporation (FDIC) has named the former Washington Mutual CEO, Kerry Killinger, President of Home Lending, David Schneider and COO Stephen Rotella in a civil lawsuit, accusing the three of neglicence for their roles in creating and executing the bank’s reckless lending prior to the bank’s collapse in 2008. The suit seeks ...
Seriously? Judge’s Ruling Based On “I’m Gonna Teach You a Lesson” Precedent?
Recently I read where a judge in Suffolk County, NY judge erased a Long Island couple’s >$500k in mortgage debt admittedly to teach the originator (and/or)servicer, OneWest, a lesson. As is too common lately, sadly, the couple had fallen behind on their mortgage due to health issues and a change in their interest rate. OneWest refused to refinance. So, after slamming OneWest ...
FDIC suing former Washington Mutual executives for $900M
FDIC sues execs for $900M The Federal Deposit Insurance Corporation (FDIC) has named the former Washington Mutual CEO, Kerry Killinger, President of Home Lending, David Schneider and COO Stephen Rotella in a civil lawsuit, accusing the three of neglicence for their roles in creating and executing the bank’s reckless lending prior to the bank’s collapse in 2008. The suit seeks ...
Seriously? Judge’s Ruling Based On “I’m Gonna Teach You a Lesson” Precedent?
Recently I read where a judge in Suffolk County, NY judge erased a Long Island couple’s >$500k in mortgage debt admittedly to teach the originator (and/or)servicer, OneWest, a lesson. As is too common lately, sadly, the couple had fallen behind on their mortgage due to health issues and a change in their interest rate. OneWest refused to refinance. So, after slamming OneWest ...













